We really face an oil crisis. The oil produces our energy which we all have an insatiable appetite for that liquid gold. There is solar energy but then, who would make oil companies richer if we utilized solar energy?
Because not all forms of energy can be harnessed to power electronics, cars, etc.
In the case of something like crude oil, you convert a type of energy that can be used by humans into a type of energy that can't. Because oil takes millions of years to form, it is essentially non-renewable, ergo every gallon you burn is one less gallon you'll be able to use in the future and you'll eventually run out and have an energy crisis on your hands.
Law no. 2 is the tricky one. It says that the entropy of a given system can only increase. Thermal energy can not be converted to other forms of energy without loss. Actually law no 2. is the one that allows life and creation of life in an open system. It is also explains that perpetuum mobiles are not possible.
In other words, it always takes more energy to create order than to destroy order. Our open system planet earth accumulated lots of energy from the sun over millions of years. Planet earth invested part of that sun energy to convert energy into oil, coal. If you burn coal or oil in an engine to produce f.e. electricity, that process can not be reversed, more precise it can not be reversed without investing additional energy.
And that should explain why we are always loosing thermal energy and will eventually face a shortage of accumulated energy in form of oil or coal.
Energy crisis on the long run can only be avoided by harvesting energy directly from the sun (renewable energy, photovoltaic, wind...)
check out the video I posted under "the energy non-crisis" it goes into the connection with the US administration and the oil companies around the world and the economy. the IMF and the World Bank are the...